Approved Four-Lot Single-Family
For Sale
$475,000
Pending
480 Saunders Road, Lake Forest, IL 60045
Approximately six acres approved for a four-lot single-family subdivision with City water and sanitary sewer connections required.
Property SizeContact for details
Lot Size6.00 Acres
Days on Market750
Property Features for 480 Saunders Road
General Information
Standard status
Pending
Lot size
6.00 Acres
Property subtype
Land
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$10,553
Listing Agency:
Baird & Warner
(847) 305-0628
Listed By:
Theresa Anderson · License #471001423
(847) 305-0628
Source:
Compass
Added: Jul 25, 2024
Changed: Aug 8
Last Checked: Mar 25 at 8:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Baird & Warner
Investment Insights
Based on property information with market context.
This for-sale parcel presents a new home development opportunity with approval for a subdivision into four single-family lots. A prior engineering report referenced by the seller indicates no wetland potential, and the seller is willing to share the previous engineering reports with qualified buyers.
The property is approximately six acres and is located on Saunders Road, adjacent to Conway Farms. The seller notes easy access to the 94 Expressway and Route 60, and proximity to Lake Michigan.
Per the provided information, all new builds would be required to connect to City Water (Lake Michigan) and City Sanitary Sewer. The remarks also note that Lake Forest residents enjoy a private beach, and that the area offers a downtown retail and restaurant experience.
The property is approximately six acres and is located on Saunders Road, adjacent to Conway Farms. The seller notes easy access to the 94 Expressway and Route 60, and proximity to Lake Michigan.
Per the provided information, all new builds would be required to connect to City Water (Lake Michigan) and City Sanitary Sewer. The remarks also note that Lake Forest residents enjoy a private beach, and that the area offers a downtown retail and restaurant experience.
Key Highlights
- Approximately six‑acre site on Saunders Road approved for a four‑lot single‑family subdivision
- Approved by Lake Forest for new single‑family home construction on the property
- All new builds must connect to City water (Lake Michigan) and City sanitary sewer
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Explore this area
Business Placement
Demographics for 60045, IL
21,026
Population
7,939
Households
2.6
Avg Household Size
46
Median Age
81%
College-Educated
99%
High-School Grad
21.3 sq mi
ZIP Area
987
Density / Sq Mi
$225,551
Median Household Income
$78,718
Median Earnings
$2,321
Median Rent
$899,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Approximately six acres approved for a four-lot single-family subdivision with City water and sanitary sewer connections required.
Where is this residential land & home lot located?
The property is located at 480 Saunders Road Lake Forest, IL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Approximately six‑acre site on Saunders Road approved for a four‑lot single‑family subdivision; Approved by Lake Forest for new single‑family home construction on the property; All new builds must connect to City water (Lake Michigan) and City sanitary sewer
